When in doubt, zoom out.
Bitcoin has once again been rejected in the 13k range. Of course, FUD is flooding the markets stating "BTC is a scam" and "fake currency".
Let's take a moment and zoom out. As you can see, BTC is potentially forming a large bull pennant. The daily chart looks incredibly bullish with multiple RSI spikes into overbought territory. Until this pennant is broken, I will remain long. A break of the pennant will bring BTC to likely retest the 8800-9k area.
As retail investors dump their positions, who do you think is buying?
Let's take a moment and zoom out. As you can see, BTC is potentially forming a large bull pennant. The daily chart looks incredibly bullish with multiple RSI spikes into overbought territory. Until this pennant is broken, I will remain long. A break of the pennant will bring BTC to likely retest the 8800-9k area.
As retail investors dump their positions, who do you think is buying?
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